Replies to post #95886 on Canopy Growth Corp (WEED)

[drivepact]

I think it’ll be just fine bud. Nothing but growth since day 1 here.

[Dbrown13]

So you’ve never seen Bruce talking that the business model is built on dropping weed prices? Cheaper inputs for value added products.

[doubleeagle]

Look at the education level here.

[Dogger05]

Looks like my stickied prediction might yet hold up....canopy looking weak and analysts starting to lower predictions. Don’t mess with the dog, he’s mostly right....I mean if those financials couldn’t give it the steam to get over ath, what news will get it there?

[doogdilinger]

lmfao Dogger what a total and complete crock of absolute bull crap! Canopy's going to much higher ground and is already positioning itself in every country already following Canada's legislative MJ footsteps!

So by all means keep predicting doom and gloom, while the rest of the world starts going all in on MJ over the next 2 full decades weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[bgpipper]

This has been addressed. It will be all about branding, marketing and distribution. Not to mention proprietary medications that have DINs. Of course cannabis will a commodity, sorta like wheat, hops, rice, etc ... not exactly the same but kinda ... it’s been explained many times.

[nowwhat2]

I have a theory :

Which states that Wall Street planned this all along.....


That they've had their eyes set on the Baby Boomers Savings (and inheritances) for a good number of years.....


And what better way to steal this demographics' investment dollars, than to dangle a carrot in front of their noses?


Tell them that the drug which they grew up with (and loved) was about to become legalized !.....



Convince them that they should INVEST in the nascent growth industry.....



Even though it actually never stood much of a chance of achieving what had been promoted....




Ride prices UP with them - and then short at the top (as reality and regulations) began to kick in)......



Short 'em all the way right on into the ground.....and then restart the industry from super lows.



They will have snatched up a great deal of money from somewhat naive baby boomers.




I sorta had a sense there for quite a long while (that SOMEHOW Wall Street would devise a way to rip off this demographic)



And it's been a money-grab - Just a huge giant money-grab





So now does any of that sound about right there ?..... Or what ?

[borysek]

Well yeah, the price of the commodity is going to drop. Get ready for a good old fashion shalacking. I predict canopy will never see its highs ever again. Sticky this......
===================================================================
agree 100%....$76 - NEVER AGAIN....$76 was produced by HYPE....reality bites!... Canopy CEO said "NO PROFIT FOR 3-5 YEARS"
I am sorry for people who bought for $2-$$ and never sold....greed and lack of stocks understanding is to be blamed..

[mx10001]

Canopy Growth Corp: Taking Off like a Rocket into 2020 |

The past year has been absolutely hellish for Canopy Growth Corp. (NYSE: CGC) and it’s shareholders. This producer, distributor and seller of cannabis operates primarily out of Canada. The company is clearly the most dominant player in the marijuana industry; carrying the highest market cap out of all the elite players at $8.03 billion. CGC currently has 346,658,913 shares outstanding and what we still consider to be a very undervalued price at $23.16 per share.

It is No Surprise To Us that $CGC Would Be the One to Lead the Surviving Companies Out of the Biggest Bear Market that the #MJIndustry Has Ever Seen.

From the Daily Chart, we can see a Very Well-Defined Inverse Head and Shoulders Pattern had Developed and Today’s Breakout on High Volume is Confirmation.
Stoch has recovered from a severe selloff after sector and managerial unrest.
Breakout has hit Fibonacci and horizontal support which continues to the $24.75 level.
Targets have been highlighted and particular attention should be paid to gap within the chart @$29.62.

The Daily Indicators offer Some Reassurance to a Bullish Sentiment:
RSI has formed a well-respected base.
MACD has crossed above Zero line a short covering signal.
Histogram has turned bullish and turned green.
On Balance Volume (OBV) has had a strong reversal and remains above Zero Line
Momentum indicator has moved strongly above Zero.
Cgc Chart 3

The Weekly Chart has a Few Very Bullish Characteristics:
200-day moving average now support.
7 & 12 moving averages have crossed bullishly, which historically has proved to be a good buy signal.
MACD had crossed Bullishly, suggesting a sustained trend change.
Histogram rising in bullish trajectory.
Targets to Consider:
Short-term: $26.92 – To Fibonacci extension 1-2-1 target.

Medium-term: $29.62 – To gap fill start.

Longer-term $31.29 – To gap close and overall Fibonacci .382 retrace level.

Entry Point:
Above multiple horizontal and Fibonacci retrace level at approximately $24.75.

https://www.bullishcharts.com/cannabis/canopy-growth-corp-taking-off-like-a-rocket-into-2020-cgc/